CoinDepo Tops $238 Million in Assets Under Management with High-Yield Crypto Platform

CoinDepo is a centralized finance platform that allows users to earn interest on their digital assets without having to actively manage them. Founded in 2021, CoinDepo provides deposit and borrowing services for cryptocurrencies, offering fixed APRs ranging from 12% to 23%, depending on the asset and lock-up duration.

The platform's primary product is the Compound Interest Account, which allows users to select an asset, choose a term length, and earn interest that is automatically reinvested. CoinDepo supports a curated list of assets, with an emphasis on high-liquidity coins and stablecoins where yield strategies can be managed with more predictability.

The platform's rates are fixed for the duration of the chosen term, unlike DeFi liquidity pool yields that fluctuate based on pool utilization. CoinDepo's native COINDEPO governance token can also be deposited to earn yield, with an annual rate of 25%. The platform has over $238 million in assets under management and more than 112,000 active users.